Do you want to become rich? Of course we all do. But how? In school your taught to: study hard, to get good grades, to get a good job , and then work all day every day, to get promoted again and again, to save enough money to hopefully become rich. How many people got rich saving a portion of their pay check? How many people got rich investing in mutual funds? GIC’s? RRSP’s... ...which are usually just filled with mutual funds. Not many if any. So, you're probably as

I was at an investor meeting this past weekend in my market of Windsor, ON, and it was jammed with many people looking to start investing in real estate, and many people from other markets looking to to grow there portfolio by investing in my market. While I was sitting there, I got to thinking back to before I started investing in real estate, and the many conferences I attended to learn more about this amazing industry. As I was listening to the presenter whom was talking

Thanks to all these reality TV shows, everyone wants to buy some real estate and use the fix and flip strategy. When I was selling real estate as a Realtor, working with investors, well, fixing and flipping homes isn’t investing, it’s a business, so can’t use the term investors! Anyways, I would people calling me all the time, usually people whom never bought real estate, so beginnings, looking for single family homes that needed work. And I get it, I did the same thing wh

I had a meeting with my small business account manager yesterday and as I’m sitting in the waiting section I grab this flyer, and just about burst out laughing! Look at the interest they are offering! This is criminal. Inflation is almost 2%, and they're offering less, so you're actually losing money when you invest with the banks! As a real estate investor, knowing the returns I get on my investments, knowing the returns I offer my partners, I could never accept these

Using other people’s money! The greatest part about investing in real estate. Robert Kiyosaki said it best, ‘the real reason I love real estate is because I don’t use my money, I use the banks money’! However, using the banks money doesn’t come without its challenges. Banks as you all know don’t just lend to anyone, and since the recession, they also want to make sure you have skin the game too. However, when it comes to investing in larger multi unit rental properties,

How to improve yourself everyday? READ! Forget TV, forget Instagram, forget Facebook! Scrolling through picture after picture is not going to improve you. Learning through reading will. I don't love reading, but I still do a ton of it, reading at least a book a month, because I've realized that it is so beneficial. That's because reading gets your brain moving, gets you thinking. So many times I've been reading, and it will activate a new thought, sometimes totally unr

If there is one professional I recommend you include on your team when investing in real estate is a property manager. I’m asked all the time how many properties or units you should have before you hire one. And to be nice, I tell people two or three, or to just judge how much time your spending and that when it becomes to be too much, too stressful, then hire a property manager. The honest truth though, if I had to do it over again? I’d hire a property manager for my ver

I had a meeting the other day with my mortgage specialist, Joe Bondy at the Supermortgage Team , really to just catch up, but of course, the conversation turned to business. Anyways, I had a couple of questions for him that I was looking for answers to, one being, Airbnb rental income. I've never invested or done Airbnb's, but I have stayed at them, and after watching a webinar the other day about an investor whom is making 6 figures by renting out luxury rentals on Airbnb,

This training goes over how to analyze a potential real estate investment using the Buy, Hold, Improve, and Increase Rents (BHIIR) Strategy.